Form 8-K · Current Report · Filed 2024-09-12
Adobe Reports Record Revenue in Q3 Fiscal 2024
Adobe Inc. reported record revenue for its third quarter fiscal year 2024, ending August 30, 2024. The company achieved revenue of $5.41 billion, representing an 11% year-over-year growth in both reported and constant currency terms. The non-GAAP diluted earnings per share was $4.65, and non-GAAP net income was $2.08 billion. Adobe's Digital Media segment saw significant growth, with net new Annualized Recurring Revenue (ARR) of $504 million, exiting the quarter with Digital Media ARR of $16.76 billion. The company also repurchased approximately 5.2 million shares during the quarter.
- Filer
- Adobe Inc. ADBE · NASDAQ
- Filed
- Accession
- 0000796343-24-000200
- CIK
- 0000796343
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$580.38
Next session
-7.5%
Since filing
-56.9%
Latest close
$250.41
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Precedent
Previous filings from ADBE reporting the same item, with the next session's move:
Exhibits (1)
About Adobe Inc.
Adobe Inc. is a leading global software company that specializes in the creation of multimedia and creativity software products. Known for their industry-standard tools such as Photoshop, Illustrator, and Acrobat, Adobe's software facilitates a wide spectrum of creative work ranging from graphic design and photo editing to digital document management. The company's Adobe Creative Cloud, a subscription service, has become integral for professionals in media, publishing, and marketing sectors, providing access to an array of applications and services. Adobe's innovations extend into digital marketing solutions with Adobe Experience Cloud, assisting businesses in leveraging data for effective customer engagement. Founded in 1982 and headquartered in San Jose, California, Adobe has significantly influenced creative industries and digital marketing landscapes. Its software solutions are crucial for both individual creatives and enterprises, enhancing productivity and enabling cutting-edge content creation and distribution in an ever-evolving digital market.
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